put the autonomy issue to reach, mike lynch more of these nine points, five of them with questions throwing it back into hp's court, carl. >> yeah. i imagine your day just changed to a great degree, john. we'll talk to you later on that. i'm sure the fast time halftime report will be all over there. let's get back to headquarters and the fast money halftime. all right, carl. thanks so much. welcom welcome. we will continue to follow these breaking developments in that hp story. here's where we stand right now on wall street. the dow jones industrial average is still showing a loss of about 3 points, though trying very hard to go into positive territory, where the s&p 500 and the nasdaq have managed to go today. here's what we follow on halftime. above the rim. research in motion shares soaring more than 50% over the past three months. two traders debate whether the stock should be part of your

portfolio. paying dividends. more companies return money to shareholders. is the fiscal cliff the reason and who could be the next to make you feel special. saving face. don't look now, but facebook shares topped 26 bucks today, their highest level since last july. can the stock continue that run? we bring in today's traders. steve weiss, this stock has made quite a move, and certainly the tide seems to have changed on the street. >> it has. you know, they came up and they were the big bears on the stock and upgraded the stock yesterday. it was going a little before that. now others don't want to miss it. to me it outpaced the fundamental improvement. you can't go against basically 800 to a billion subscribers, but you still need a mobile strategy that works that will bring dollars to the bottom line. they haven't shown to me yet they have yet. i would not a buyer on the

breakout. >> the most recent earnings report was good. they withstood the big lockup expiration which thought would be a big weight on the stock. that very day face books shares you were double-digits. >> correct. you talk about confidence now. you talk in terms of why they grow revenues and they talk about an advertising strategy similar to google. it looks like it will grow revenues and the mobile ad strategy. it gives the street some confidence. what do you do with the stock here? it's bumping up against july 25th's breakdown, so you have a price gap around 26.75. there's going to be resistance there. however, the calendar will flip into january and the street will anticipate the january 23rd earnings period, and this is a name where the momentum has shifted. it's a name that institutions want to own, so you play it from the long side. >> that means if you believe what joe says, the stock goes higher from here and you don't want to miss it. >> there are bets to the upside

to the 29 and 30 strike. one of the big endorsements they got is insiders aren't selling. to have zuckerberg say he wouldn't sell for at least a year, that's a nice endorsement. when the insiders who work at the company, you know, the grunts, if you will, when they're in there saying i'm not going to sell. this stock is way too cheap. i like what we're doing here, that tells you a lot about how they think the company will be doing over the next six and 12 months. that's why we didn't sell. unless we see they will selling, i like it to continue higher. >> sentiment seems to turn on the street towards facebook. are you a believer? >> i am. steve hit on a lot of reasons right there. there's a big market here, and for the retail traders watching afraid to take a dip into it, if you buy this stock, maybe write some calls to get a little protection. you have the january 27 calls. joe just talked about the

earnings period at $1.30 right now. you get $1.30 of cushion on the downside. >> let's get back to the developing story we're following related to it hewlett pack xard in na rert written by the former ceo of autonomy to hp's board. john fortt is joining us. a provocative letter written by dr. lynch. >> it absolutely is, scott. a number of points he raises, he's asking for hp to answer for this $5 billion write-down. he's pointing out that under the accounting rules that he used in europe with autonomy, which are completely above board if they're used correctly, he believes that a number of the things that hp has said were fishy were absolutely appropriate. the way that revenue was recognized for hardware sales,

for instance, the way revenue is recognized through sales. he goes on to ask can you really say hp that none of the write-down is because of the way hp managed autonomy after they bought it and what about all the members of the team that left after hp bought it? so a number of these questions might be things that hp is now in the position of responding to, whereas, the way they phrase things in that earnings call last week, they might have hoped to say hey, here's the write-down. here are the issues. we believe there's fraud. this is a number of years figuring it out. now let's move on. it doesn't look like we're moving on. >> that's the point i was going to raise with you, john. it seems to move the ball back into hewlett-packard's court. >> yes, indeed. this is difficult for hp to talk about, because right off the bat a number of analysts raise the point that this was less than 1% of hp's revenue that would be added from this acquisition, but

they were paying quite a bit in market cap for it. so it's not as if there were no questions about this acquisition. now mike lynch is raising the questions. if you had all these issues ahead of time, all these questions, why didn't you get them answered when you did due diligence. didn't you understand the difference in accounting rules between the u.s. and european standards? what about all of things that happened in between the purchase and now? how can you attribute everything you raise as issues to things sprung on you ahead of time? haven't you been running this business for the past several months? >> john, meg whitman is under enough fire if you will because of the recent performance of the company. it doesn't show any signs of a turn-around since she took over. this is another thing she has to answer to, not only the fact she voted to approve the autonomy deal, and now she's the ceo of hp and these accusations thrown

back at her from mr. lynch. >> absolutely. meg whitman is not projecting a turn-around for this fiscal year saying she expects to see that in 2014. there's a number of revenue declines and nonexistent margins in a number of businesses throughout the fiscal year. she's in the thick of a turn-around. this controversy all autonomy did not help. >> is there any reason to give hp a look? >> i don't think so. i mean, you've got to get rid of the entire board and meg whitman, i don't think get rid of her. she's a ceo. she's a board member. they've had too many ceos and at some point it reaches a point of diminishing returns, but you can get rid of the board. particularly the value shareholders stuck in here right now should rise up and demand it t-because clearly they're leading the company to ruin. this was a disastrous acquisition from the beginning, and it's not helping.

the company has no choice but to take the write-down. if that's what their accountants say, they have to take the write-down. there's not a battle in the press. whitman i bet will not come back and say, okay he said and she said. that's not going to happen. >> let's phrase it this way. it's easy to pile on and be negative on hp based on the stock and performance of the company. it hasn't been good. is anybody going to take the other side? >> why would a money manager buy this stock? valuation? okay. valuation is cheap. it can remain cheap for a long time. we talked yesterday about it. >> it could be the ultimate value trap. >> this penalty box thesis is in the penalty box for a year. why? as a money manager you look at the metrics and fundamentals. free catch flow, $5 billion in 2013. they reif i remembaffirmed that. the turn around strategy and able to grow earnings it will push it into the second half of

next year. the estimates are too high. >> maybe the bottom line is the company needs to break up as several people have suggested. hardwa hardware, printers and then server services and software and everything else on the other side. >> you get paid to own it really here, judge. to j.j.'s point, you could buy this stock at $12.64. we talked about buying it below 12$12 last week. and the stock because of unusual buying activity t-made a nice sp% pop from last week wednesday until right here. it's pulling back a little bit. if you decided to buy the stock at 12.60 or so and sold those january 13th calls you make 8% a month for being long in the stock or call it two months. i like that, because to joe's point i think they stay in the penalty box for a little bit. the big problem here is that autonomy wasn't a deal they needed to do. they should have bought symantec

or mcafee. intel bought mcafee for $7.7 billion. why did they go after this company everybody knew they overpaid for? i have no idea. >> money managers are looking at it, and say how else can they have representation in this space without dealing with the problems at hewlett-packard with upside? i'd rather own microsoft because that trades in a good range. don't have to worry about more skeletons coming out of the clos closet. >> it's a tough space to be in. think about dell. the pc business is not that great. >> no. dell is doing more to diversify, so just yesterday i owned dell. i think dell is the yahoo! this time next year. also, look at the acquisitions of hewlett-packard. how did palm work out for them? >> not so well. it's a company with bad and expensive acquisitions, so it's a story to continue to follow there.

one of the wall street's biggest bears is on a mission to find a reason to turnbullish. what he's finding is coming up. plus the company is paying new dividends in an effort to avoid potential fallout from the battle of the fiscal cliff. first we have the very latest developments on the hill he. aman. >> within the past few minutes senator dick durbin the key democratic leader on capitol hill has upped the ante dramatically in the fiscal cliff negotiations. when we come back, i'll tell you exactly what he said.

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boosted the outlook for fourth quarter gdp up to 1.8% from 1.6%. they're over there bumping up q 4 gdp. you want to make a point? >> i do. there's a thesis that it's services over goods during the fall. now we're beginning to see the evidence we're going back to a contribution from the good side of the economy. maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was

actually great for the first month of a quarter. usually that's the weakest month as the quarter progresses and gets strong. that was very, very unusual leading people to be optimistic. the interesting thing is the stocks didn't follow. cat was down or flat. deere is not doing much. so there's sort of this disconnect between the market and what we see from the economic data. >> the economy is front and center down in the nation's capital. the president meeting with more ceos today to discuss that and the fiscal cliff. we've the latest on the fiscal cliff negotiations. >> the president is meeting with small business leaders at the white house today. a development just within the past hour i think is changing the debate here in washington at least for today. senator dick durbin, a key democratic leader here in the senate up on capitol hill, and a close ally of president obama, just made a key speech over at a progressive group's offices in which he said that liberals shouldn't want to have medicare and medicaid and social

security, the big entitlement spends as part of the discussion. he should they should be decoupled from it. listen to what durbin said a few minutes ago. >> i think we should take social sure security off the table for the fiscal cliff and discussion but be honest about what you achieve in the near term. >> scott, let me tell you what he's doing here. what we look at is a negotiating tactic in which democrats are saying, wait a second. we'll use the political advantage right now and take it off the table and see how republicans respond. later in the debate if the democrats need to cave in they can from a position further to the left of where everyone thought they might be going into this negotiation. that will end up up closer to something more comfortable for them, but i think everyone expects if there's a deal on the fiscal cliff, it's going to have to include at the end of the day medicare, medicaid, social

security reforms. what dick durbin is saying here is he and progressives, that is, liberals on the left, do not want to see those included in the fiscal cliff solution. so that's going to be a sticking point in negotiations, scott, going forward. >> not necessarily anything new. this sounds like durbin is parroting what the white house is saying a couple days ago that it considers them separate issues in the negotiations. zo >> absolutely. democrats say it doesn't have anything to do with the debt because it's funded with unique mechanisms. the white house says republicans need to come to terms with extending the bush tax cuts for those under 250,000 and withdrawing them from those over 250,000. do that right away. that will help with the fiscal cliff they say, and they're trying to push republicans into a plitle cal box where they're the defenders of the millionaires and billionaires and the democrats are saying everybody needs a tax cut in the country. they're trying to push the republicans back into the

political box. what we saw from durbin today is more of that political lerchl and pressure applied. >> thanks so much. the markets watching it all closely. where are stocks likely to head as the fiscal cliff approaches. gentlemen, it's good to have you with us. >> thank you, scott. >> what's your best get on what happens with the cliff and where the market goes between now and the end year? >> we're held hostage by headlines like what's put out. i think it's only social security everyone wants to separate because it has its own funding mechanism and is not part of the current fiscal difficulties that we have. i do think they strike a chord that gets us past and over the fiscal cliff without falling through with the hard work to be done. that's not to say they couldn't do the whole thing now. almost everything is already in legislative language. if they wanted to pass an entire package, that takes probably more political will and courage

than they may have at the moment. >> david, people probably know you as someone largely negative to the markets or has a tendency to be more bearish. when you weigh the cliff and what the market is figuring out, that against the better data coming in, whether it's consumer confidence or spending or durable goods to say the economy is actually doing quite well, what do you say to that? >> well, for example, you mentioned the upward revision by goldman sachs to 1.8%. i guess benchmarked against low expectations that's well and good. it's anemic growth when you consider the fourth year of an expansi expansion, we should see gdp growth. we celebrate between 1% and 2%. i think that there's reasons for optimism, so long as we can avoid the fiscal cliff and over and beyond that come up with a credible fiscal plan that's going to allow the corporate sector to start to plan acco

accordingly and get some of the cash off the balance sheet. you mention the dur aable goods and orders. guess what? orders can be canceled. they're notoriously volatile. the capital goods shipments data were negative last month. they were down four months in a row. if anything we see that's an exclamation mark for a second quarter in a row. ultimately business investment is what's going to lead employment. i think he that's still a wildcard here, is what will happen beyond the fiscal cliff to create a credible plan that caused the corporate sector which is the chief generator of job creation to sustain it. how are they parting in the next couple of months as integral as far as treating it more optimistic as far as 2013 is concerned. >> it seems like david is having a hard time seeing many of the green chutes if you will that you and many others are. what's he missing? >> i would say to get past the fiscal cliff, they need an enforcement mechanism that

guarantees by a date certain in 2013 for the markets to accept the deal that they will have worked through some of these issues about longer term fiscal responsibility. when we look back on 2012, the gdp is revised upward by economists who viewed this year maybe too pes msimistically. this is something that ben bernanke alluded to in his speech last week. he said if we avoid the fiscal cliff and they satisfy the markets and policymakers with a deal, 2013 is a good year. i think we get a three or four handle on gdp next year. there are so many things going in the economy's favor, including a rebound in housing, manufacturing coming home and the conventional energy bomb in the united states and technology still doing well and korngss will start to spend money once we clear all these uncertainties. i think 2013 looks far better than most people expect right now. >> ron, david, it's good to have

you both with us. thank you very much. >> weiss. >> to me you have to remove the uncertainty. if you remove the uncertainty and ceos know the deck they're playing with, you'll see them spend. it may not be as much as he spend in a totally corporate friendly environment. they will open the coffers because it's not earning return on the balance sheet. >> that's why you see special dividends right here. in many cases many of these firming would be spending that money that steve is citing if they had more certainty. instead, they're giving it back more or less to the big insiders because many stocks that are declaring specials are indeed giving the money back like shelton aadelson is doing on lds. >> if you bought shares of blackberry maker research in motion two months ago, you're a lot richer today even though shares are falling back a bit. buy in or buyer beware? we head to the pits. halftime comes back just right

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♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. though lower today, research in motion shares are still up more than 50% over the past few

months. it's a remark aable run for a t come wall street has come to hate. one stock and two opinions. debate it. weiss. >> here's how i look at it. joe pointed out on the precall that the market share and latest numbers are declined to 1.6%, 1.7%. who cares. that's not the story. everybody knows they haven't had a product in probably two years now. the new product's coming out in january, blackberry 10. completely new operating system and new phone. i think it's going to do well. i know i'm getting one, and that's not enough to drive market shares. >> you own the shares. you just sold out, so you had good timing, but you want back in. you like the stock. >> i sold yesterday. bot up ttom line i like the sto. they have 80 million users worldwide. they sold about 7 million phones. every still hates it except for two firms in canada yesterday. there's huge upside here.

80 million subscribers. the market cap of this company. you can't compare it to facebook, but it's one-tenth that of facebook. facebook has 100 million more, you know -- 800 million more users, but still 80 million is a great base to build on. i like the new ceo. he's doing the right things. i think there's good value here. >> joe, what is he missing? does he need a reality check here or what? >> i think he needs a trading check versus an investing check. first of all, when did you buy the shares? >> last week. >> he bought the shares last week and out of it this week. i don't look at the world in that capacity. >> he wants to get back in. the point is -- >> a week and a half i bought it. >> you don't like the stock? you don't like the company? you don't like the ceo or the fundamentals? >> you going to let me finish. >> are you going to talk? >> if you stop talking i will. >> let's debate it. >> the debate is not just with steve, the debate is everyone in the sense of this. for r.i.m. to get traction

longer term in momentum -- i know you will aagree with this point -- it needs the institutional manager, which it has clearly lost over the last couple of years. what folks are doing in r.i.m. right now is they buy it on a monday and sell it on the friday. the options are exploding and that's all well and good. that's about short interest being unwound and a short interest kweez that occurred over the last couple of weeks. the recipe for disaster is in place, because sooner or later -- if you buy the stock and trade around the long position, there are potential risks to the downside is unlimited because you don't have the marginal buyer, that institutional ownership, that music fund that you lost three years ago back in the stock again. so you may be right. you may be right three out of four times. the one time you're wrong, that doesn't work. >> first of all, you know, stocks trade relative to expectations. expectations can't be lower. when i look for a value stock like i think this is and the

estimates are pretty decent, i'm cutting those in half. >> if you were back -- put your portfolio manager hat on. would you own r.i.m.? >> yes, i would. >> you'd buy substantial amount of r.i.m. and place it in the portfolio? >> not substantial amount. every pas a speculative part of the portfolio grounded in good fundamentals and low expectations. i'm not going to ride it down. >> you're comfortable going around the country doing the marketing and managing that every manager does and get up there and saying the fun is in. >> when i did it, i talked about my positions, 5% positions. >> let's finish it this way. dr. j, who made the more compelling arguments. >> they're coming at from two different angles. joe saying long term. long term this could be a survivor. it was one of my picks as you

recall, scott, last year for this stock to go up to 20. it made it up to 18 and collapsed into the single digits, so i was part right and part wrong. that's the long-term perspective. the short-term perspective is it gets caught in that folks chasing the shorts that they've written as well as the weekly options that joe brings up, and both cause the stocks to go up a lot higher and faster than they should. today looks like a correct of that. >> stocks down at 6.5% today. gold is losing ground today, but could be a major move to the upside. could it be in the works? jackie de angelis is here, and she has a read on what traders in the pits are watching in gold today. jackie. >> good afternoon. with the fiscal cliff talk out of washington they're paying close attention to goad as of late. let's take futures now. we're back at the cme in chicago and in new york.

anthony, let's start with you. are we poised for a breakout here? >> yeah, i think we are. here's the two scenarios. if we don't get a deal on the fiscal cliff, gold goes higher because of uncertainty. if we get a deal gold goes higher because the qe continues. it might go lower but eventually works higher. >> either way it sounds like it's going higher. what are the technicals saying about gold's next might have. >> all ayou need to do is take a look at charlt. the season alibi was put in last week. we put it up up on cnbc.com on tuesday, i believe. look at the chart. we have a nice wedge formation, and we have the stealth breakout on friday that brings us up to the size. that's my line in the sand. we get a trade to close with volume above that level. we retest the highs below 1800 bucks in that february contract. >> bottom line, gold is going higher. we want to know what you think about gold, though.

do you think it's headed higher or lower? logon and vote in the poll. we'll give you the results on the live streaming show and watch today's broadcast because we look at the outlook for the housing market and get read to today's case shiller number with robert shiller himself. the show starts at 1:00 p.m. eastern. scott. >> jackie, thanks so much. we'll watch you and mr. shiller in a bit. j.j., give me the read on gold. breakout or no? >> i would say gold, no. heading into the end of the year, i think people that had a nice profit on some this year, there may be selling pressure. >> ahead on halftime, the company serving up fresh dividends. shares of green mountain moving higher as the company gets ready to release its earnings today after the bell. herb greenberg is along. he believes the coffee maker's credibility hangs on this very report. he'll tell you exactly why in two. >> we're halfway through the trading day. next we cover the dead bounces,

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we have a flood of special dividends in our top three trades. companies hurting to pay investors before a possible tax rate rise, and las vegas sands is one of them. here's it is stock up nearly 6% today. weiss, what's the deal here? >> sheldon adelson is a large shareholder. he said i'll take cash of this. you'll see more of this. keep in mind the casinos are generally cash-rich companies. you'll see more in this space in particular. >> dillard's is doing it as well up 2% today, the stock. >> any of these stocks where you have insiders that hold big positions and just as steven said the potential for the taxes not being fixed by year-end, i

believe they will be fixed. if you're somebody impacted by hundreds of millions of dollars, you push that special dividend out there. dillard's and lvs are two big names. >> how about j.j. brown forman is doing it as well. the list gets bigger by the day. >> yeah. it wouldn't surprise me to see this continue as john and steve talked about, cash-rich companies. many think it's because they make jack daniels, and they think we may need some as we head towards the fiscal cliff. >> doc, if you want a best guess on who is next, what kind of names? >> i'd like at microsoft and apple, quite frankly. the reason is big insiders, steven jobs widow is a huge shareholder over at apple. the board members and insiders are huge there, and then microsoft, bomber and gates huge insiders. they can take this money after the table at 15%. why wouldn't you, judge?

>> weiss. >> i agree with apple. i hadn't been in that camp before, but with all the cash they have it's impossible to buy anybody else, although i'm sorry to hear r.i.m. may be in consideration. they have to give a dividend out there. the cash isn't earning anything on the balance sheet. give it to shareholders and make people happy and draw others into the stock. >> j.j. >> here's one people may not look at, and that's nike. a stock with a lot of insiders owning it owned by 20% insiders right now. it's an important factor to look at when look at companies. a lot of cash on hand especially compared to debt. doesn't have a lot of debt relative to cash. these are the types of stocks to look for to pay them into the end of the year. joe. >> i'm ecstatic over the potential steven suggested for apple to do a special dividend. that's phenomenal. murphy's oil, and this is a company at that telegraphed they're doing a potential $2.50

special dividend. what do they do today? a dead offering of 5, 10, 30 year. they're preparing and raising capital and low grade investment offering. they're getting ready for not only the special dividend but a billion dlar share of buy-back for the end of the year. the stock pulls back from 57 bucks to 63. i say you own it on the appear tal allocation strategy. >> stim torque, the euro is trading around four-week highs against the dollar today. we'll have your "money in motion" trade coming up. also we talk green mountain with herb greenberg. the company reports its earnings after the closing bell today. a critical report as it always is. we'll see you in a couple of minutes. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel.

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winner. hopefully it will be scott or one of the "fast money" guys. back to you guys. >> thank you so much. green mountain reports earnings after the close tonight. the sthook on a run lately, but is one of the most debated on the street. herb greenberg is here with what you should expect later this evening. i know you watch this as close as anybody does. it's a stock that's done quite well of late. new ceo being named. maybe he's going to be on the call or not because it's not technically the ceo. >> i don't think the company can aafford a bad quarter. >> can it ever? >> in this case really. last quarter the stock spiked after the company announced earnings and talked about how well they're going to do with their forecasting, and how they fixed forecasting problems. if they come out and don't give ut number people expect, i think they have a huge credibility problem even though people will say it's the former ceo. >> larry blanford is the guy

leaving and they have a new guy from coca-cola coming in in a matter of week. >> remember, this number coming out tonight is the fourth quarter. that's the audited quarter, and interestingly enough the fourth quarter is announced several weeks later, which suggests the auditors are doing a thorough scrub. >> how closely do you think people listen for any comment about starbucks, whether starbucks is viewed inside green mountain as friend or foe. they have a business relationship, but starbucks had a number of shots across the bow of late from a business standpoint. >> they'll listen like every quarter. they have a direct competitor to the new machines that are coming out of cukuerig. you have the rivalry there. look, whatever they say, is it going to be politically correct or is it going to be telling us the truth? >> in some up respects it doesn't matter, because they have a new ceo coming in.

>> this is about a business model, and no matter what the new ceo does, we don't know what the numbers issues are yet, if there are further issues. a new ceo has the same business. >> the old ceo lost all the credibility he had on the street. >> he did. well, the stock popped up a quarter ago when he laid out his vision for forecasting and what the guidance was going to be. i mean, it really popped out during the call. something you never see. the company came out with horrible numbers, and the stock goes up 20% during the call. we'll see what happens this time. >> dr. j, what do you do with green mountain? >> it's a 20% move the december options are because of the straddle combinations are $6.80. that's massive and huge. i believe herb is right. if they can't afford a bad quarter. on the other hand, i would fade the side of the fear. i would be in there selling puts to the downside judge, not right

at the money and at 29. i would get in here and look at the 22s, 23s and things like that as far as selling those and taking advantage of that fear. >> scott, you have different flexibility here than a ceo that comes into a capital goods company where he can exit certain businesses and write-down others. this is a branding strategy and going toe to toe with starbucks in the market. i'm staying in the sidelines until i'm convinced there's no accounting issues. if they work out, it could be explosive on the upside. >> joe. >> green mountain coffee a long time ago i said it goes in the penalty box. it's not coming out anytime soon. >> we're watching currencies as well. after hitting a one-month high versus the dollar, the you'euro lower today even as they hammer out greece's debt. andy, good to see you again. >> definitely. thanks for manage me on. >> i guess this news wasn't such a big surprise, and that's why you see a little selling in the euro? >> yeah.

i think it's part of the reasons why it's rallied over the last week and a half. we did touch a new high last night. there's a lot of profit taking right now. we're kind of in no-man's-land. not a lot of people want to be long in the euro right now over 130. >> what's the next catalyst then? what are the levels to look for to take us further? >> yeah, sure. i think one of the things that's worked extraordinarily well on a medium term basis that i want to present today, more of a medium term trade is to use the 200-day moving average. it worked over the last five years, and this year it worked extremely well. i want to continue to buy in front of it the 200-day moving average at 1238. i want to buy around 128.50, and leave a stop on a close below 128. i want to stop and reverse at that point. my profit-taking is up over 130

to 130.50, but this is a medium-term trade. we're trying to play the overall move of the euro up above its 200-day moving average which led to significant profits over the last five years. >> it's good to have you on the on the show as always. >> thanks, buddy. >> you can catch him every friday night 5:30 p.m. eastern on "money in motion." cnbc is learning new details on the largest insider trading scheme of all time. kate kelly has the latest there. the shanghai composite closing at the lowest levels in almost four years. we go under the radar to find out whether it's a sign to go bargain hunting abroad. we'll be right back.

when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule.

welcome to the world leader in derivatives. welcome to superderivatives.

it has been one week since the feds announced charges in an a massive alleged insider trading scam with fund manager tied to sac capital. the hedge fund is addressing the situation with investors. kate kelly joins us now with details. kate what do we know? >> scott, tomorrow more agent 8 a.m., sav making an unusual all throw not unprecedented move to say they are holding a special phone call for investors to talk a little bit about the issues that have surrounded them lately, namely, an ongoing government investigation into whether former employees of sac engaged in any sort of insider trading, as matthew martoma,

former trader from there is now accused of doing. steve cohen is implicated in this particular case, although it is not clear what he knew at the time that martoma's stock sales remain. i investors sanguine so far. there will be a lot of discussion about this tomorrow, you guys, unclear whether or not there will be questions taken or whether it will simply be prepared remarks on the part of the firm. the call does take place at 8 a.m. one thing to note there are a lot of safe guards against redemptions if they are to happen. for example, firms have to

notify sac 45 days before the end of the quart fer they want to take money out as well as only taking it out sort of a little bit at a time, i believe 25% of the total investment per quarter what you can do. of course, there's safety, scott, in the fact that about $8 billion of sac's 14 in total under management belongs to cone and other insiders. >> even know, kate, whether mr. cone himself will be on the call? >> we don't know, scott that's one thing i haven't been able to determine what i know is it will be sac management and whether that's their head of ir, i'm sure that person will be involved, weather it's their general counsel, peter nussbaum or steve cohen himself. i'm sure all those folks will be briefed on the call and nearby if not available on the call, but the interesting thing about cone, scott, is that, you know, his person eighth, as we know it is is sort of larger than life and famous for being actively involved in the trading and investment decision and dressing people down where that's appropriate on the trading floor, et cetera. however, when it comes to public appear perhaps, he is really a bit shy. if you see him on the charity

circuit, for example, you know, he is really quite shy. he will say hello and chat a little bit but tends to keep to himself. >> look forward to that kate you certainly, your reporting around it tomorrow. joe, a quick comment from you, if you were an investor with sac would you need to hear from mr. cone himself tomorrow? >> i think it is good sac is doing something pretty good right here. think about it, talent-wise, attracting new talent the next couple of years might be a little bit difficult, getting out ahead of that i think is good and i think that's probably an ulterior motive for sac here. the biggest pops and drops in midday trading, follow the other stocks moving today. mcmoran exploration, mmr. back to you. >> davy jones well down in the gulf of mexico that's supposed to had produce a lot of natural gas, incredibly disappointed. i nose jj, steve and doc played the stock game some point in our trading careers that what's this has become $12.50. yesterday are 7.25, today, 25

million shares. und fundamenta don't trade t. >> igt popping 2%. weiss? >> the stock's up on each side of buying. board of directors came in, 37,000 shares. that's good price. that's why the stock's trading up. >> crocs, doc? >> goldman sachs upgrade today. warned us at the end of october they were going gonna miss, goldman likes them. i like them as well a big gap to fill from 1660, 1260 to 1660, so i think it keeps moving to the upside. >> next hour, gm going all-in on electric even though its chevy volt is struggling. answers cominoming up on "power lunch" what is happening there, but first, our final trades are next.

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